Indian Banks Revise ATM Rules
Analysis based on 7 articles · First reported Mar 19, 2026 · Last updated Mar 30, 2026
The revised ATM rules by HDFC Bank, Punjab National Bank, and Bandhan Bank will directly impact banking customers in India by altering transaction fees and withdrawal limits. These changes could encourage a shift towards digital payment methods, potentially affecting transaction volumes at physical ATMs and influencing the profitability of banking services related to ATM usage.
Several major banks in India, including HDFC Bank, Punjab National Bank, and Bandhan Bank, are implementing new ATM rules effective April 1, 2026. HDFC Bank will now count UPI-based cash withdrawals towards the monthly free ATM transaction limit, imposing a charge of Rs 23 plus taxes for exceeding this limit. Punjab National Bank is reducing daily ATM cash withdrawal limits for various debit card types, with some limits cut by up to 50%. Bandhan Bank is also revising its free ATM transaction limits, allowing five free financial transactions at its own ATMs and a reduced number of free transactions at other bank ATMs, with additional charges for exceeding these limits and for failed transactions due to insufficient funds. These changes aim to strengthen risk controls, enhance customer safety, and promote secure digital banking, encouraging customers to utilize digital payment methods.
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